Nine months ago, when I was a guest on the Alex Jones radio show I predicted a very large, market moving event within the following 9 months. I was right. What I saw back then was that global markets were and still are over-leveraged.

The central banks have set up too cozy relationships with their
primary dealers who cash in 2% for every billion they borrow (yes,
they borrow at negative interest rates). I saw a trend going back
to Refco in 2007 who violated sacrosanct securities laws by dipping
into customer accounts, something repeated by MF Global and then
again by the 'banksters' in Cyprus.

The economic policies post the 2008 Lehman crash were designed
to inflate the bubble bigger and badder and it didn't matter how
many people lost their job, how badly wages fall apart or how many
become homeless.

On the periphery of this narrative was the emerging crypto
currency Bitcoin - promising to do to 'banksters' what
bittorrent, p2p and file swapping had done to the music and movie
business: revolutionize. Bitcoin was something else I was banging
the table on to Alex Jones; who, to his credit allowed me to get
the word out to millions of his listeners many of whom bought in at
under $5.

Boom! Cyprus unleashed the Bitcoin genie out of the bottle. The
market cap for BTC jumped past $1bn. and then past $1.5bn. Every
central bank sympathizer from Henry Blodget at Business Insider to
Felix Salmon at Reuters came out with panic stricken screeds trying
to stem the flow of interest in this 'bankster'-killing new
stateless, bankless currency. (Why couldn't they just admit they
were pea green with envy at the sight of all these new Bitcoin
millionaires).

Put it all together and I feel comfortable in declaring victory
on my call from nine months ago. The stock, bond, and fat currency
markets have all crashed against Bitcoin. For all you bloggers out
there about to hit the keyboard with some uniformed and jealousy
fueled rant I'll say again: just buy Bitcoin and be a part of the
bankless currency revolution that will finally help rid us of the
scourge that is Ben Bernanke and his ilk.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.